Neste OYJ (OTCMKTS:NTOIY) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research cut shares of Neste OYJ (OTCMKTS:NTOIY) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks reports.

Separately, The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Neste OYJ Trading Down 2.5%

OTCMKTS:NTOIY opened at $15.02 on Monday. Neste OYJ has a 12 month low of $9.14 and a 12 month high of $20.29. The firm has a fifty day simple moving average of $17.95 and a 200-day simple moving average of $16.28. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $23.08 billion, a P/E ratio of 8.14, a PEG ratio of 0.15 and a beta of -0.51.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.28. Neste OYJ had a return on equity of 31.41% and a net margin of 10.79%. The firm had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $6.36 billion. On average, equities research analysts anticipate that Neste OYJ will post 1.99 earnings per share for the current year.

About Neste OYJ

Neste Oyj is a Finnish energy company that produces renewable fuels and refines and markets petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, made from renewable raw materials such as waste and residue fats and oils. The company also develops solutions for reducing emissions in the transport and other industries. Neste’s oil products include fuels and feedstocks for the chemical industry. Through its marketing and services business, it supplies fuels and related services to customers, particularly in Finland and the Baltic region.